Is ICICI Bank Ltd. ADR (NYSE: IBN) Back In The Buying Zone?

Currently, there are 3.51B common shares owned by the public and among those 3.50B shares have been available to trade.

However, the script later moved the day high at 25.59, up 2.95%. The company’s stock has a 5-day price change of 6.66% and 14.42% over the past three months. IBN shares are trading 6.84% year to date (YTD), with the 12-month market performance up to 22.04% higher. It has a 12-month low price of $19.34 and touched a high of $25.12 over the same period. IBN has an average intraday trading volume of 6.29 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.54%, 5.47%, and 9.13% respectively.

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Institutional ownership of ICICI Bank Ltd. ADR (NYSE: IBN) shares accounts for 18.58% of the company’s 3.51B shares outstanding.

It has a market capitalization of $89.37B and a beta (3y monthly) value of 1.02. The stock’s trailing 12-month PE ratio is 17.68, while the earnings-per-share (ttm) stands at $1.44. The company has a PEG of 0.83 and the debt-to-equity ratio at 0.82. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.19% over the week and 1.28% over the month.

Analysts forecast that ICICI Bank Ltd. ADR (IBN) will achieve an EPS of $0.33 for the current quarter, $0.35 for the next quarter and $1.44 for 2025. The lowest estimate earnings-per-share for the quarter is $0.33 while analysts give the company a high EPS estimate of $0.33. Comparatively, EPS for the current quarter was $0.3 a year ago. Earnings per share for the fiscal year are expected to increase by 23.01%, and 8.10% over the next financial year. EPS should shrink at an annualized rate of 21.30% over the next five years, compared to 45.49% over the past 5-year period.

Jefferies on their part issued Hold rating on March 06, 2017.

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